Virtual Private Network Market Overview

The current Virtual Private Network Market is anticipated to register a high growth rate of 18.22% CAGR during the assessment period of 2023.

The rising use of smartphones and other wireless devices is one of the growth driving factors of the global market over the research period. In addition, the higher demands of electronic devices among the demographics are projected to bring new opportunities for the key market players and enhance the global market growth. For instance, the growing technological advancements are another factor, which is fueling the Virtual Private Network Market growth in the review period. 

Furthermore, people's low awareness of VPNs and technology might hamper the growth of the global market. Apart from this, the current market growth might experience restraints due to VPNs' severe security and protection problems. Also, the standardization of data and incompetence of authority might hinder the market growth in the forecast period. 

Virtual Private Network Market segmentation

By Platform:

  • Mobile and wireless devices
  • Wired devices

By Connectivity:

  • Remote
  • Site to Site VPN
  • Others

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By Solution:

  • Services
  • Software

By Type:

  • Layer 2 Tunneling Protocol
  • Open VPN
  • TLS and SLS
  • Internet Protocol Security
  • Point to Point Tunneling Protocol
  • Others

By Application:

  • Intranet VPN
  • Extranet VPN
  • Access VPN
  • Others

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By End-user:

  • IT
  • Manufacturing
  • Government
  • Healthcare
  • BFSI
  • Others

By Deployment:

  • On-Premises
  • Cloud

Virtual Private Network Market Key Players:

Some significant virtual private network key players are as follows:

  • GmbH
  • CyberGhost S.A.
  • Nord VPN
  • Microsoft Corporation
  • Private Internet Access
  • NortonLifeLock Inc.
  • Golden Frog
  • Buffered VPN
  • NetGear INC.

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Virtual Private Network Market Regional Analysis

As per the Virtual Private Network Market report, the global market is classified into North America, Asia Pacific, Latin America, Europe, the Middle East, Africa, and the rest of the world. All these regions are supportively growing the Virtual Private Network due to the rising disposable income of demographics. However, the regional market growth might get affected or decline because of the rising difference between the supply and demand of the market. 

Among all these regions, the North American Virtual Private Network Market is registered to acquire significant market share during the assessment period due to the rising number of cyber-attacks on enterprises in different verticals. Moreover, the growing demand for high-end services and privacy is another major growth driving factor for the regional market's growth. 

As per the Forbes report, the cyber-attacks on operational technology infrastructure have increased to nearly 31% of the organizations in the US for the year 2017.

 

Reasons for Buying This Report:

  • It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
  • It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
  • It Helps in Understanding the Key Product Segments and Their Future.
  • It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
  • It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments. 

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